GamerPay

Services

GamerPay offers a range of services focused on the trading of gaming skins and assets. The platform is designed to be scam-free, providing a secure environment for users to trade skins for popular games like CS2 and Ev.io. They support multiple currencies and languages, facilitating transactions across Europe. The platform also includes a 3D shop feature that allows users to showcase and promote their skins. Additionally, GamerPay has implemented a referral program to incentivize users to invite friends, offering rewards for successful referrals.

Company History

GamerPay is an early-stage company headquartered in Copenhagen, Denmark. The company launched three months ago and is part of the Y Combinator S21 batch. Since its inception, GamerPay has seen significant growth, transacting $245,000 and growing 30% month-over-month. The founders previously co-founded the largest transactional marketplace for secondhand high-end clothes in Denmark, bringing considerable experience in building successful online marketplaces.

Industry and Market

GamerPay operates within the consumer gaming industry, specifically focusing on the marketplace sub-industry. The company's primary market is Europe, with a particular emphasis on Denmark. GamerPay supports 215 million trades annually and aims for an initial market size of $1.5 billion. Over half of their users are minors, which underscores their emphasis on creating a secure trading environment. By being the first to build a fully compliant system for parental consent, GamerPay ensures that underage users trade safely.

User Base and Community

GamerPay engages a substantial user base, having interacted with 5,000 gamers to understand their needs and challenges. The company discovered that 46% of these gamers have been scammed more than once, highlighting the necessity of their secure trading solution. With social and community features like the 3D shop and referral programs, GamerPay fosters an active and engaged gaming community. Their platform's emphasis on security and compliance has attracted a significant number of minors to utilize their services.

Financial Performance

Since its launch three months ago, GamerPay has transacted $245,000, achieving a month-over-month growth rate of 30%. With an average revenue of $7 per trade, the platform has demonstrated strong financial performance in a short period. This early success suggests potential for sustained growth as GamerPay continues to expand its services in Denmark and across Europe.

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